GM (GM) April U.S. sales: +26.4% to 232,538 vehicles, vs. Edmunds expectations of +19.6%. Chevrolet up 25.4%; GMC up 28.8%; Buick up 51.2%; Cadillac up 16%.
Will Bin Laden’s death mean a "peace dividend" for U.S. stocks? Charting the DJIA's historical reaction after major breakouts of peace, Josh Brown says that the death, "when taken alongside the Arab Spring and its lack of Al Qaeda presence or influence, is potentially of monumental significance."
Investors pulled back some of their exposure to equities in April, buying bonds and turning to safe-haven cash amid worries that global economic growth could falter from its rapid pace, Reuters polls showed on Tuesday.
This is an important news concerning the US debt ceiling ...
Treasury Secretary Timothy F. Geithner said the U.S. will have three weeks more than previously seen before hitting its borrowing limit, giving the White House and Congress more time for a deal to raise the debt ceiling.
The U.S. can borrow until Aug. 2 after reaching the $14.29 trillion limit because of “stronger-than-expected tax receipts” and by taking “extraordinary measures” such as suspending the sale of bonds to finance state and local infrastructure projects, Geithner said in a letter to congressional leaders yesterday. He previously said the deadline would be July 8. Without such measures, the legal limit will be reached May 16, he said.